ABL Revolving Facility definition

ABL Revolving Facility has the meaning assigned to such term in the recitals hereto.
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ABL Revolving Facility means that certain eighth restated senior secured asset-based revolving credit facility of the Company, dated as of April 12, 2010, by and among the borrowers party thereto, including the Company, and JPMorgan Chase Bank, N.A., as Administrative Agent, as amended to the date hereof.
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ABL Revolving Facility means, collectively, (i) that certain Credit Agreement, dated as of August 13, 2009, by and among Intermediate Holdco, as parent, the Company, as borrower, the lenders party thereto from time to time, as lenders, and Xxxxx Fargo Capital Finance, LLC (f/k/a Xxxxx Fargo Foothill, LLC), as the arranger and administrative agent, and (ii) that certain EXIM Guaranteed Credit Agreement, dated as of August 13, 2009, by and among Intermediate Holdco, as parent, the Company, as borrower, the lenders party thereto from time to time, as lenders, and Xxxxx Fargo Capital Finance, LLC (f/k/a Xxxxx Fargo Foothill, LLC), as the arranger and administrative agent, in each case as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time.
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Examples of ABL Revolving Facility in a sentence

  • As amended, interest on the ABL Revolving Facility is calculated either at the SOFR plus a range of 100 to 125 basis points or a base rate plus 0 to 25 basis points, based on excess availability.

  • Liquidity and Capital Resources Our primary sources of liquidity are cash flows generated from club operations and borrowings from our ABL Revolving Facility.

  • As of July 29, 2023, cash and cash equivalents totaled $26.2 million and we had $726.2 million of unused capacity under our ABL Revolving Facility.

  • We believe that our current resources, together with anticipated cash flows from operations and borrowing capacity under our ABL Revolving Facility, will be sufficient to finance our operations for at least the next twelve months.

  • Revolving loans under the ABL Revolving Facility are available in an aggregate amount equal to the lesser of the aggregate ABL Revolving Commitment or a borrowing base based on the value of certain inventory, accounts and credit card receivables, subject to specified advance rebates and reserves as set forth in the Credit Agreement.

  • The occurrence of an event of default under the ABL Revolving Facility would permit the lenders to accelerate the indebtedness and terminate the ABL Revolving Facility.

  • The maturity date of the ABL Revolving Facility is July 28, 2027.

  • The ABL Revolving Facility places certain restrictions (i.e., covenants) upon the Borrower’s, and its subsidiaries’, ability to, among other things, incur additional indebtedness, pay dividends and make certain loans, investments, and divestitures.

  • As of July 29, 2023, there was $411.0 million outstanding in loans under the ABL Revolving Facility and $11.3 million in outstanding letters of credit.The interest rate on the ABL Revolving Facility was 6.42% and unused capacity was $726.2 million.

  • The ABL Revolving Facility contains customary events of default (including payment defaults, cross-defaults to certain of the Company's other indebtedness, breach of representations and covenants and change of control).


More Definitions of ABL Revolving Facility

ABL Revolving Facility means the Company's revolving credit facility entered into on July 28, 2022;
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ABL Revolving Facility means that certain revolving credit and guaranty agreement, to be dated on or about the Issue Date, by and among the Company and certain Subsidiaries of the Company as borrowers or guarantors, UBS Securities LLC, as book runner and arranger, UBS AG, as administrative agent, and the lenders from time to time party thereto, including any related Notes, guarantees, Security Documents, instruments and agreements executed in connection therewith, and, in each case, as amended, supplemented, restated, modified, renewed, refunded, restructured, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time (including by increasing the amount of available borrowings thereunder or adding Subsidiaries of the Company as additional borrowers and/or guarantors thereunder) and whether by the same or any other agent, lender or group of lenders.
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ABL Revolving Facility means that certain revolving credit and guaranty agreement, to be dated on or about August 6, 2004, by and among the Company, Stanadyne Automotive Holding Corp. and certain subsidiaries of the Company as guarantors, Xxxxxxx Xxxxx Credit Partners L.P., as sole bookrunner, sole lead arranger and syndication agent, The CIT Group/Business Credit, Inc., as administrative agent and collateral agent, and the lenders party thereto, providing for up to $35.0 million of revolving credit borrowings, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and, in each case, as amended, supplemented, restated, modified, renewed, refunded, restructured, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time.
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ABL Revolving Facility means that certain revolving credit and guaranty agreement, dated as of August 6, 2004, by and among Stanadyne Corporation, Holdings and certain subsidiaries of Stanadyne Corporation as guarantors, Goldman Sachs Credit Partners L.P., as sole bookrunner, sole lead arranger and syndication agent, The CIT Group/Business Credit, Inc., as administrative agent and collateral agent, and the lenders party thereto, providing for up to $35.0 million of revolving credit borrowings, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and, in each case, as amended, supplemented, restated, modified, renewed, refunded, restructured, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to institutional investors) in whole or in part from time to time.
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ABL Revolving Facility means, collectively, (i) the Credit Agreement, dated as of August 13, 2009, by and among Stanadyne Intermediate Holding Corp., as parent, Stanadyne Corporation, as borrower, the lenders party thereto from time to time, as lenders, and Xxxxx Fargo Capital Finance, LLC (f/k/a Xxxxx Fargo Foothill, LLC), as the arranger and administrative agent, and (ii) the EXIM Guaranteed Credit Agreement, dated as of August 13, 2009, by and among Stanadyne Intermediate Holding Corp., as parent, Stanadyne Corporation, as borrower, the lenders party thereto from time to time, as lenders, and Xxxxx Fargo Capital Finance, LLC (f/k/a Xxxxx Fargo Foothill, LLC), as the arranger and administrative agent, in each case as the same may be amended, restated, amended and restated, replaced, extended, renewed, refinanced, supplemented or otherwise modified from time to time.
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Related to ABL Revolving Facility

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).